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Despite the 15% per day decrease in bitcoin prices, the Indian government announced that it is accelerating the transition to a digital economy and will continue to study the technology of blockchain. A unified position regarding the cryptocurrency has not yet been worked out in the country. So, in the annual budget speech, Finance Minister Arun Jaitley said that the government does not consider cryptocurrency as the legal means of payment. At the same time, partner of the consulting company EY India, Kartik Shinde, said: “Investments in bitcoin and other cryptocurrencies will become available to end users, due to the government takes active measures to regulate the digital market.”

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